Western Asset Mortgage Opportunity Fund (NYSE:DMO) Shares Pass Above 200-Day Moving Average – Time to Sell?

Western Asset Mortgage Opportunity Fund Inc. (NYSE:DMO)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $11.96 and traded as high as $12.00. Western Asset Mortgage Opportunity Fund shares last traded at $11.98, with a volume of 45,328 shares.

Western Asset Mortgage Opportunity Fund Stock Up 0.4 %

The stock has a fifty day moving average of $11.76 and a 200 day moving average of $11.96.

Western Asset Mortgage Opportunity Fund Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 24th will be given a dividend of $0.13 per share. The ex-dividend date of this dividend is Monday, March 24th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.03%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Integrated Capital Management Inc. raised its stake in shares of Western Asset Mortgage Opportunity Fund by 5.9% during the fourth quarter. Integrated Capital Management Inc. now owns 16,437 shares of the investment management company’s stock valued at $194,000 after acquiring an additional 919 shares in the last quarter. Journey Strategic Wealth LLC grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 11.7% during the fourth quarter. Journey Strategic Wealth LLC now owns 12,850 shares of the investment management company’s stock valued at $152,000 after buying an additional 1,350 shares during the last quarter. MML Investors Services LLC grew its holdings in shares of Western Asset Mortgage Opportunity Fund by 1.3% during the third quarter. MML Investors Services LLC now owns 113,465 shares of the investment management company’s stock valued at $1,358,000 after buying an additional 1,403 shares during the last quarter. Aviance Capital Partners LLC boosted its holdings in Western Asset Mortgage Opportunity Fund by 12.7% in the fourth quarter. Aviance Capital Partners LLC now owns 25,678 shares of the investment management company’s stock valued at $303,000 after purchasing an additional 2,901 shares during the last quarter. Finally, Commonwealth Equity Services LLC boosted its holdings in Western Asset Mortgage Opportunity Fund by 18.3% in the fourth quarter. Commonwealth Equity Services LLC now owns 21,911 shares of the investment management company’s stock valued at $259,000 after purchasing an additional 3,391 shares during the last quarter.

Western Asset Mortgage Opportunity Fund Company Profile

Western Asset Mortgage Opportunity Fund Inc is a closed ended fixed income mutual fund launched and managed by Legg Mason Partners Fund Advisor, LLC. The fund is co-managed Western Asset Management Company and Western Asset Management Company Limited. It invests in the fixed income markets of the United States.